Taxation

Our primary responsibility is to reduce your tax burden and maximize your tax credits, which will benefit your overall wealth and tax position. Individuals and businesses benefit from having tax specialists navigate the complexity of taxation and meet tax deadlines.

Booking

Tax Planning for Personal and Business

We provide tax planning services for you with tax saving ideas. Tax consulting services are a necessity for every individual and business. For someone with little experience in taxes, understanding the various forms can be exceedingly complicated, not to mention that they are constantly changing. As trusted tax advisors, we can customize tax strategies and solutions for you and your business to navigate the tax landscape:

Financial situation or plan analysis
Investments and retirement plans selection
International tax plans
Estate and trust planning

Personal and Corporate Income Tax Returns

Canadian businesses are considered different from business owners, we assist our clients in sorting out complications and smoothing out business operations. Owners of Canadian corporations must file their personal income returns (T1) for themselves and corporate income tax returns (T2) for their companies. Corporations may face penalties and legal consequences if they fail to file their returns on time. We can help you with:

Corporation Internet filing
T2 company income tax return
T2 short file and return
T1 filing, personal income reporting, and deductions claiming
Personal tax refunds

Represent on Your Behalf with CRA

Dealing with Canada Revenue Agency (CRA) by yourself could be stressful and overwhelming. Any unintended mistakes could result in undesired outcomes. Our experienced tax experts can represent you or your business, help you defend your entity.

T4 Payroll Summary

Business owners must prepare and file a T4 summary and provide T4 slips to employees annually as an employer. Sometimes putting the right amount in the boxes on the T4 can be a lot more complicated than you anticipate. Unpredictable mistakes in filing or missing deadlines may impact your business in many ways. Therefore, a professional accounting team like TSL is here to help you.

Good and Services Tax (GST) and Provincial Sales Tax (PST) returns

Your business/service may be subject to different rules of GST and different PST rates depending on its type. Our team will walk you through the process and eliminate ambiguities.

Companies operating in British Columbia are required to collect and remit both the GST and PST
GST registrants are required to collect the GST when sales of specific goods and services are completed
Some provinces continue to have stand-alone provincial sales taxes

Foreign Income and Assets Reporting, Estate Planning

We assist clients in structuring their investments and taxes in a global scene, providing cross-border and international tax advice. We also advise foreign enterprises to start business in Canada and work with them to select and maintain an optimal structure. Our service includes:

Individual and Corporate tax return
Non-residence taxation
Foreign income and asset reporting
Estate tax planning
Retirement tax planning
Tax-effective investment strategies
GST, PST, T4, T5, WSBC and other regulatory filings